Breakthroughs and everyday innovations from the year.
HEADLINES ON August 8, 2002
Full News Archive
- Headline: Ford Heir Critiques America's Car Culture. Impact: William Clay Ford Jr.'s comments about America's love affair with cars might have triggered a nationwide existential crisis. Suddenly, Americans were asking themselves, 'Do I really need my car, or is it just a mid-life crisis on wheels?'. Fact: Did you know that the average American spends about 38 hours a year stuck in traffic? That's right, folks, the car is a true love that keeps you waiting!.
- Headline: On the Waterfront, at Least for Now; Hudson River Park Threatens Some Home-Grown Free Spirits. Impact: The construction of Hudson River Park displacing free spirits could very well have sparked a new wave of urban camping, where hipsters now pitch tents on street corners and call it 'glamping' in the city. Talk about survival of the fittest!. Fact: Fun fact: The Hudson River once had more pollution than a landfill, which is ironic given that now it’s the backdrop for hipster hangouts. Progress?.
Wall Street Time Machine
NFLX
Netflix
Netflix - If you invested $1,000 in 2002, it would be worth $785,671 today (785.7x return)
AAPL
Apple
Apple - If you invested $1,000 in 2002, it would be worth $779,032 today (779.0x return)